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Wizz Air to exit Abu Dhabi operations

Low-cost carrier Wizz Air said today it was quitting its Abu Dhabi operation after six years to focus on its main European market, citing geopolitical instability and limited market access.

Business • 14 Jul

The Telegraph said the US private equity firm RedBird Capital, which provided a quarter of RedBird IMI's funding, is moving to take direct control of the newspaper

RedBird Capital-led group agrees deal to buy Telegraph

A transatlantic consortium led by RedBird Capital Partners has struck a deal to buy Britain's Telegraph newspaper, the title reported today, spending £500m to secure control.

Business • 23 May

The deal for Covestro is one of the biggest foreign takeovers by a Gulf state and is aimed at diluting the country's heavy dependence on oil in the energy transition

Abu Dhabi's ADNOC to buy German chemicals firm Covestro

Abu Dhabi state oil giant said it has agreed to buy German chemicals producer Covestro for €15.9 billion including debt, sending Covestro shares up 4% in early trade.

Business • 01 Oct 24

UK delivers final blow to UAE's hopes of buying Telegraph

Britain said today it would refer the UAE-led takeover of the Telegraph for a lengthy review, a move that will effectively kill the deal because a law banning foreign governments owning newspapers is due to come into force in coming months.

Business • 19 Mar 24

Etihad Airways, the United Arab Emirates' national carrier, has posted net profits for 2022 and 2023 after a run of significant losses since 2016

Etihad posts 2022, 2023 profits as it eyes possible IPO

Abu Dhabi's Etihad Airways has returned to profit and is improving its transparency, governance and balance sheet to be ready for an initial public offering should its sovereign wealth fund owner decide to list it, CEO Antonoaldo Neves said.

Business • 06 Mar 24

Minister of Enterprise, Trade and Employment Simon Coveney is at the WTO meeting of trade ministers in Abu Dhabi this week

Ireland seeks out Middle East sovereign wealth funds

Ireland hopes to tap sovereign wealth funds in the Middle East to invest in infrastructure projects as the government seeks to keep pace with its fast growing population.

Business • 27 Feb 24

Wizz Air is planning to grow its service in Abu Dhabi this summer, and also increase the number of routes into Saudi Arabia to 24 from 12

Wizz Air to expand fleet, sees good growth in Mid-East

European budget carrier Wizz Air is planning to grow its fleet to above 200 aircraft next year and 500 aircraft by 2030, adding that its expansion in the Middle East offered opportunities.

Business • 22 Mar 23

Wizz Air has suspended plans to resume flights from Moscow to Abu Dhabi in the United Arab Emirates

Wizz Air suspends relaunch of Russia-UAE flights

European budget carrier Wizz Air has suspended plans to resume flights from the Russian capital of Moscow to Abu Dhabi in the United Arab Emirates, amid mounting criticism over the relaunch decision this month.

Business • 22 Aug 22

Wizz Air Abu Dhabi will resume flights to Russia in October

Wizz Air UAE to Russia flights to resume in October

European budget airline Wizz Air will resume flights from Abu Dhabi to Moscow from October, more than five months after the carrier suspended all services to Russia following Moscow's invasion of Ukraine in February.

Business • 08 Aug 22

OPEC oil producers had defended a future role for fossil fuels at the COP26 UN talks in Glasgow

Oil industry calls for inclusivity under climate effort

Energy producers gathered in Abu Dhabi after the COP26 UN climate talks have called for greater inclusivity that would see more investment in hydrocarbons for energy security as they work to reduce emissions while developing their economies.

Business • 15 Nov 21

It is estimated there are several thousand Irish teachers working in the United Arab Emirates

Govt to survey Irish teachers working in Gulf nations

Ireland's embassy in the United Arab Emirates is to conduct a survey of Irish people working as teachers in the region in advance of a visit by Minister for Education to the area in coming months.

Education • 02 May 19

Team Ireland return to Dublin at around 2pm tomorrow laden down with a haul of 86 medals

Team Ireland returning home from 'fantastic games'

The head of delegation for Team Ireland at the Special Olympics Summer Games in Abu Dhabi has said she hopes people turn out at Dublin Airport tomorrow afternoon to welcome the team home.

Ireland • 21 Mar 19

Doubts remain that all producers would fully implement planned output reductions

Oil prices edge up on OPEC hopes but doubts linger

Oil prices edged higher today as signs of output cuts by OPEC members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply.

Business • 06 Jan 17

An Abu Dhabi source familiar with the situation told Reuters news agency some drivers had been detained over violations of regulations

Uber and Careem suspend services in Abu Dhabi

Ride-hailing companies Uber and Careem have suspended services in Abu Dhabi, the capital of the United Arab Emirates, since Saturday and do not know when they can resume operations.

Business • 29 Aug 16

The new terminal will facilitate 28,000 sq m of commercial space when it opens, and the duty free area will cover 7,500 sq m

Aer Rianta chosen for Abu Dhabi duty free contract

The DAA’s international retailing subsidiary, Aer Rianta International, has been chosen by Abu Dhabi Airports Company to operate a ten-year duty free contract at Abu Dhabi International Airport.

Business • 22 Dec 15

Etihad Airways made a net profit of $73m in 2014

Etihad Airways reports 52% jump in annual profits

Abu Dhabi's Etihad Airways reported a 52% rise in annual profit on higher passenger numbers and increased revenue from cargo and partner airlines.

Business • 28 May 15

Investor group to launch $2.2bn bid for Reebok

An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas for about $2.2bn, the Wall Street Journal has reported.

Business • 20 Oct 14

Revenue from code-share and equity partners was up 44% in the third quarter

Abu Dhabi's Etihad Airways Q3 revenue jumps 29%

Etihad Airways, which plans to buy a 49% stake in struggling Alitalia, said third-quarter revenue rose 29% thanks to passenger and cargo growth.

Business • 14 Oct 14

Etihad Airways reports a 28% surge in revenues in the first half of 2014

Etihad Airways revenues up 28%

Abu Dhabi's Etihad Airways today posted a 28% surge in revenues in the first half of 2014, hitting $3.2 billion.

Business • 08 Jul 14

Etihad Airways has grown rapidly since it launched over a decade ago

Etihad Airways reports 27% rise in Q1 revenues

Abu Dhabi's Etihad Airways has reported a 27% annual rise in revenues to $1.4bn for the first quarter of 2014 on the back of surging passenger and cargo figures.

Business • 15 Apr 14

Emirates Airlines President Tim Clark said his airline would add an extra flight between Dublin and Dubai

95 jobs announced as trade mission to Gulf ends

The trade mission to the Gulf has concluded in Dubai with the announcement of 95 jobs in Ireland arising from contracts agreed during the trip.

News • 09 Jan 14

Boeing's new deal with Mubadala for Abu Dhabi to supply $2.5 billion in advanced composites and machine metals

Airbus and Boeing sign Gulf supplies deals

Airbus and Boeing have signed deals to buy some $5 billion of parts and materials from Abu Dhabi today.

Business • 18 Nov 13

The US embassy in Cairo will close on Sunday

Worldwide travel alert over al Qaeda threat fears

The US State Department has issued a worldwide travel alert, warning of a terrorist threat posed by al Qaeda.

News • 03 Aug 13

Abu Dhabi's Etihad Airways revenues for 2012 up 17%

Abu Dhabi's Etihad triples net profits

Abu Dhabi's Etihad Airways said its net profit tripled last year as the fast growing carrier added routes and code-share arrangements in its expanding rivalries with other Gulf airlines.

Business • 04 Feb 13

Abu Dhabi